Qubic

In short: Qubic began life as as an initialism-turned-acronym, QBC, which stands for quorum-based computation.

Wikipedia: „A quorum is the minimum number of votes that a distributed transaction has to obtain in order to be allowed to perform an operation in a distributed system. A quorum-based technique is implemented to enforce consistent operation in a distributed system.“

Specifically, Qubic is a protocol that specifies IOTA’s solution for quorum-based computations, including such constructs as oracle machines, outsourced computations, and smart contracts. Qubic provides general-purpose, cloud- or fog-based, permissionless, multiprocessing capabilities on the Tangle. In the long term, Qubic will allow people to leverage world-wide unused computing capacity for a myriad of computational needs, all while helping to secure the IOTA Tangle: an IOTA-based world supercomputer.

More generally, a qubic is a what we call a packaged quorum-based computation that occurs according to the Qubic protocol. Below are some examples of different types of qubics – while they are distinguished here for clarity, they are all nevertheless variations on a single, general-purpose concept: the quorum-based computation, or qubic.

Beitrags-Navigation

Our vision: „The real IOTA revolution will take place when applications are realized that benefit the industry as well as investors, and when the broader population understands and accepts IOTA as well as recognizes benefits in their daily lives. We want to support this process as an independent group“